Discounted Cash Flow

Franklin Resources Inc.

BEN · Based on 10 years of SEC filings

DCF estimate unavailable — no_upward_trend_net_income_yr1_1831200000.0_gte_yrN_524900000.0_window_5

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $6.6b $1.7b $1.6b 26.1% $2.94
2017 $6.4b (-3.4%) $1.7b (-1.7%) $1.1b (-34.9%) 26.5% (1.7%) $3.01 (2.4%)
2018 $6.3b (-1.1%) $764.4m (-54.9%) $2.1b (100.2%) 12.1% (-54.4%) $1.39 (-53.8%)
2019 $5.8b (-8.6%) $1.2b (56.4%) $-32.1m (-101.5%) 20.7% (71.2%) $2.35 (69.1%)
2020 $5.6b (-3.6%) $798.9m (-33.2%) $917.7m (2958.9%) 14.4% (-30.7%) $1.59 (-32.3%)
2021 $8.4b (51.4%) $1.8b (129.2%) $1.2b (27.1%) 21.7% (51.4%) $3.58 (125.2%)
2022 $8.3b (-1.8%) $1.3b (-29.5%) $1.9b (60.1%) 15.6% (-28.2%) $2.53 (-29.3%)
2023 $7.8b (-5.1%) $882.8m (-31.7%) $989.9m (-47.0%) 11.2% (-28.0%) $1.72 (-32.0%)
2024 $8.5b (8.0%) $464.8m (-47.3%) $794.2m (-19.8%) 5.5% (-51.3%) $0.85 (-50.6%)
2025 $8.8b (3.5%) $524.9m (12.9%) $911.6m (14.8%) 6.0% (9.2%) $0.91 (7.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

no_upward_trend_net_income_yr1_1831200000.0_gte_yrN_524900000.0_window_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.